Credit Union News

06/11/2013

 
CFPB Overdraft Report Out: Study Will Continue
Consumer Financial Protection Bureau Director Richard Cordray states clearly in the bureau's report on financial institutions' overdraft programs, released at midnight, that the bureau does not intend to impede the offering of this service. CUNA was among stakeholders included in an early briefing on Monday afternoon and CUNA President/CEO Bill Cheney had a personal call from Cordray.  Read More
NCUA Breaks Down Strong 1Q Results By State
First quarter 2013 credit union financial results, which represented the strongest quarter membership growth in credit union history, are broken down state-by-state in a new National Credit Union Administration Quarterly U.S. Map Review.   Read More
Myth Of Uneven Playing Field Debunked In Report
All major claims made by critics of credit unions about an uneven playing field are unsubstantiated, according to an economic analysis released Friday. The study also found there is "no evidence that state and federal tax policies give credit unions unfair competitive advantages over banks."  Read More
FFIEC Forms Cybersecurity Working Group
The Federal Financial Institutions Examination Council said it has formed a working group to further promote coordination across the federal and state banking regulatory agencies on critical infrastructure and cyber security issues.  Read More
Credit Unions Well Positioned as Trusted Advisers as Obamacare Arrives
Regardless of whether credit union leaders have supported or criticized the Affordable Care Act, there is one thing none of us can deny: the legislation will create a huge market for health care insurance.  

Why should credit unions care?  Read More
 


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